AUDACY, INC.: Nasdaq/NYSE listing notice — Audacy appeals NYSE delisting; authorizes 1-for-30 reverse stock split

AUDACY, INC.

NYSE commenced delisting proceedings on May 16, 2023 due to abnormally low stock price; trading suspended.
Company appealed on May 31, 2023; delisting stayed pending NYSE Committee review; stock trades OTC under AUDA.
Shareholders approved reverse stock split on May 24; board committee authorized 1-for-30 ratio on June 5.
Reverse split effective June 30, 2023; every 30 shares of Class A and B common stock become one share.
No assurance that NYSE Committee will grant review or that trading will resume on NYSE.

item 3.01 item 8.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

AUDACY, INC. received a nyse delisting notice notice regarding other (rules 802.01D).

Exchange: nyse
Notice: delisting notice
Rules: 802.01D

Exact text from the filing

May 16, 2023, the New York Stock Exchange (the “NYSE”) notified Audacy, Inc. (the “Company”) that it had elected to commence proceedings to delist the Company’s Class A common stock (the “Class A common stock”) from the NYSE based on the Company’s “abnormally low” price levels, pursuant to Section 802.01D of the NYSE Listed Company Manual (“Section 802.01D”). On May 31, 2023, the Company submitted a written appeal request for a review of the NYSE’s determination by a Committee of the Board of Directors of the NYSE (the “NYSE Committee”). Pursuant to Section 804.00 of the NYSE Listed Company Ma

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Source: SEC EDGAR

accession 0001193125-23-161604

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